A bunch of articles (including one on here) were saying, day trades for cryptocurrency would be taxed as income, while long-term investing with it is taxed as Capital gains. I am trying to figure out if that is in regards to 2018.
Besides definitely not qualifying as a 1031 Exchange, nothing changes in 2018 in regards to cryptocurrency. The same rules apply.
If you are not sure of what those rules are, you need to provide as much detail as possible for exactly what you do with the cryptocurrency.
https://www.irs.gov/pub/irs-drop/n-14-21.pdf
@TaxGuyBill thank you very much for that quick response. That is exactly what I was looking for.
Besides definitely not qualifying as a 1031 Exchange, nothing changes in 2018 in regards to cryptocurrency. The same rules apply.
If you are not sure of what those rules are, you need to provide as much detail as possible for exactly what you do with the cryptocurrency.
https://www.irs.gov/pub/irs-drop/n-14-21.pdf